Finance

by | January 24, 2021 | 11:00

WASHINGTON (AP) - Treasury Secretary nominee Janet Yellen is calling on Congress to do more to fight a deep pandemic-induced recession, saying the threats of a longer and even worse downturn are too great to cut back on support now. The Treasury Secretary nominee, Janet Yellen advised the U.S lawmakers in acting fast on COVID-19 support packages during her Senate confirmation hearing held yesterday.

by | January 24, 2021 | 09:39

California's Department of Public Health told providers to pause the distribution of the vaccine on Sunday evening, after some patients in San Diego reported after-effects of the vaccine including throat tightening and high blood pressure, indicative of a rare allergic reaction.

by | January 23, 2021 | 20:32

Alberta Premier Jason Kenney is among those urging Trudeau to take Biden to task over the decision and to "respond with consequences" if it's not reversed. "There are huge opportunities for every single province with the United States". While some social media users didn't seem pleased with bleak forecasts for the future of oil shipments from Canada to the United States, others argued instead about the importance of the environmental aspect of the issue at hand.

by | January 23, 2021 | 17:52

The holder of the ticket has the option of taking the jackpot as a lump-sum payment, in which case it will be worth $546.8 million, or receive the full $731.1 million jackpot in instalments over the next 29 years. The Oct. 23, 2018, Mega Millions game had one victor get $1.537 billion, the most valuable ticket in usa history. And while it seems his path to White House was a hard one, his odds of becoming President of the United States were only 1-in-10,000,000.

by | January 23, 2021 | 12:48

However, boosts from Microsoft Corp , Apple Inc and Facebook Inc helped offset some of those losses, keeping the main United States stock indexes from falling further. Mies added, regarding the decline in the virus and the reopening of the economy. Investors also remain focused on the 46th president's proposed $1.9 trillion pandemic relief package, a day after he took office.

by | January 23, 2021 | 09:29

Two winning tickets matched four out of the five numbers, resulting in a prize of $150,000. Wednesday's winning Powerball ticket was sold at the Coney Market convenience store in Lonaconing, a small, remote town in Allegany County in the Georges Creek Valley.

by | January 23, 2021 | 03:50

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. However, its economy only stagnated in the final quarter of previous year according to a preliminary estimate by the Federal Statistical Office, which said last week that gross domestic product shrank 5 per cent over the course of 2020.

by | January 22, 2021 | 18:22

YesHis Majesty's government has only exempted the people of the European Union from freedom of national sovereignty, when it is already opposing the next villain from Brussels. In a letter to The Times newspaper published on Wednesday, the musicians said the government had "shamefully" broken a promise to negotiate a deal allowing musicians to perform in the European Union without the need for visas or work permits.

by | January 22, 2021 | 17:18

But past year an appeals court ordered the company to open talks with publishers . The change will affect the way Google in future remunerates publishers for reproducing excerpts from their content. In return, France's ruling body argued that publishers would have seen steep declines in traffic if they hadn't done so, because Google has a 90 percent share of the search market.

by | January 22, 2021 | 10:19

Following this, the Chinese government reportedly started a "coordinated regulatory crackdown" on the Alibaba Group - most significantly halting at the last moment in November, the $34.5-billion public offering of Alibaba's financial services arm, Ant Group Co.

by | January 22, 2021 | 10:19

At her first White House briefing, press secretary Jen Psaki said Biden's desire to have his Cabinet confirmed and in place is "front and centre for the president", and she said he was hoping to have his national security nominees in place Thursday or Friday.

by | January 21, 2021 | 23:25

The unemployment rate remained stuck at a still-high 6.7 percent. The Department of Labor said Thursday that almost 16 million people were still claiming some form of unemployment benefits through all government programs as of the week ending January 2.

by | January 21, 2021 | 23:01

Mercedes-Benz late January showed off its highly anticipated electric crossover , the EQA, which boasts a 430-km range and a few styling changes versus the SUV its based on. In Europe, the Mercedes-Benz EQA will be priced starting at 47,450 euros ($A74,163 converted) in Germany. EQ models get exclusive blue and rose-gold accent options, for example, as well as a traffic-sensing navigation system with topography and charging station location information.

by | January 21, 2021 | 09:14

The Head of Competition policy of the European Commission said in a statement that the "geo-blocking" fine that has been levied shall act as a reminder for all PC video gaming companies to go by the EU competition law. Bandai, Focus Home , Koch Media and ZeniMax ) and some of their respective PC video games distributors in the EEA (other than Valve ), containing clauses which restricted cross-border (passive) sales of the affected PC video games within the EEA, including the ...

by | January 21, 2021 | 07:20

Including owner-occupier's housing costs (CPIH), the annual rate was 0.8% in December, marginally higher than November's rate of 0.6%. The rise was slightly higher than many economists' forecasts of 0.5%. Transportation prices were down 0.6 per cent as air transportation prices fell 14.5 per cent. Clothing and footwear prices - which rose last month, unlike in December 2019 - also contributed to higher inflation.

by | January 20, 2021 | 13:06

Ma has resurfaced after months out of public view, quashing intense speculation about the plight of the billionaire grappling with escalating scrutiny over his internet empire. Jack Ma had virtually disappeared from the public eye since early November, when he was hauled in front of regulators. The video appeared on Chinese business news and other websites.

by | January 20, 2021 | 04:38

The merger creates the fourth-largest auto company in the world, and incorporates 14 vehicle brands: Peugeot, Citroen, DS Automobiles, Fiat, Alfa Romeo , Maserati, Abarth , Lancia, Opel, Vauxhall, Chrysler, Jeep , Dodge and Ram. Stellantis will have 14 brands, from FCA's Fiat, Maserati and US -focused Jeep, Dodge and Ram to PSA's traditionally Europe-focused Peugeot, Citroen, Opel and DS.

by | January 20, 2021 | 04:19

Ms. Yellen will take the reins of an economic recovery that is faltering amid a monthslong surge in virus cases and deaths, which have topped 400,000 since the pandemic began. Asked what outlays would provide the biggest "bang for the buck", Dr Yellen said spending on public health and widespread vaccinations was the first step.

by | January 20, 2021 | 02:13

Lee, also known as Jay Y. Lee, was caught up in a massive influence-peddling scandal that brought down the government of former South Korean President Park Geun-hye. But while Samsung will be steered day-to-day, experts say that the company may suspend big decisions such as mergers and acquisitions as well as large investments until Lee is in a position to take up the reins.

by | January 20, 2021 | 02:15

The company had been touting its plans for the rebranded service since earlier a year ago, explaining how the new streaming offering, an expansion of CBS All Access , would allow it to showcase the company's biggest franchises and its deep library, while also offering a home to its growing collection of original content, like the multiple "Star Trek" series now streaming on CBS All Access and " The Good Wife " spin-off, " The Good Fight ", among others.

by | January 20, 2021 | 01:41

On Friday, both United Kingdom and US WTI (West Texas Intermediate) crude oil futures' prices plunged as much as 2 per cent with both oil contracts reporting weekly percentage drops for the first time in three weeks as concerns were mounting over another wave of pandemic outbreak in China after a number of major Chinese cities had been locked down following a recent uptick in pandemic cases.

by | January 20, 2021 | 00:11

Meanwhile, GitHub says it has "reneged on the separation decision with the employee" and is speaking to his representative. "To the employee, we would like to say publicly: We sincerely apologize", Brescia said . Over the weekend, Chief Operation Officer (COO) confirmed in a blog post an " outside investigator conduct [ed] an independent investigation " and found " significant errors of judgment and procedure ".

by | January 18, 2021 | 09:05

Advances growth of 15.6 per cent and core net interest margin of 4.2 per cent drove the rise in NII. Total provisions for the current quarter included contingent provisions of approximately Rs 2,400 crore for proforma NPA, said the bank. As of December 31, 2020, the Bank's distribution network was at 5,485 branches and 15,541 ATMs / Cash Deposit & Withdrawal Machines (CDMs) across 2,866 cities / towns as against 5,203 branches and 14,533 ATMs / CDMs across 2,787 cities / towns as of December ...

by | January 18, 2021 | 08:23

The vaccine produced by Pfizer and BioNTech was the only one available in Norway until Friday, and "all deaths are thus linked to this vaccine", the Norwegian Medicines Agency said in a written response to Bloomberg . The country's drug watchdog, the Norwegian Medicines Agency, has reported a total of 23 people who had suffered side effects and then subsequently died.

by | January 18, 2021 | 08:13

The Financial Conduct Authority (FCA) was right to argue that disease or denial of access clauses within interruption policies should trigger payouts in the event of coronavirus-linked disruption. Federation of Small Businesses (FSB ) national chair Mike Cherry welcomed the Supreme Court judgment: "Today's judgement is a big victory". This is according to a report from Reuters, which said, "Small businesses, from restaurants to nightclubs and wedding planners to beauty parlours, on Friday ...